What did refinancing your home allow you to do?

Refinancing your home can save you some serious cash. Whether you stick with the 30-year mortgage for much lower monthly payments or switch to the 15-year payment plan to start chipping away at that principle even sooner, you will be giving less money to your lender.

What will you do with that extra cash? Send your daughter to the college of her dreams? Take a family vacation? Pay down your credit card bills?

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One Response

Well it depends on what you want to do. Personally, for me, I would take the cash and buy an investment property for rental income. I will hold onto it and make some serious cash in years to come. I will repeat this step, until I have a large portfolio, and soon you’ll realize your floating in cash :]